Hydro Global Solution

Active

Private limited companyfounded 20215 yrs activeLammerdries 18, 2440 Geel, BelgiumKBO/BCE: BE 0770.305.704

Summary

The computed 12-month bankruptcy probability of Hydro Global Solution is 2.0% (moderate). The 2024 annual accounts show equity of €284k and a net result of €94k. Equity is growing by ~54% per year across the filed fiscal years. Its solvency ranks better than 20% of 1633 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

57 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability76▲+22

Solvency42▲+5

Growth78=

Track record94

Bankruptcy probability, 12 months

2.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €16k at 30 days acceptable

Liquidity short (current ratio 0.98 against 1.13 in 2023; short-term debt: 82.7% and cash: 45.1% of total assets), and 82.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 33

Relative position

BE, all sectors

reference

Sector 33

higher

← fewer bankruptcies more bankruptcies →

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 1633 sector peers (2024).

NBB · sector comparison

Position among 1633 sector peers

Solvency

better than 20%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

not confirmed

2024

35 d early

2023

48 d early

2022

70 d early

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€284k▲ 49.8%

2023 · €190k

2022: €79k 2023: €190k

2022 → 2024

Total assets

€1.64M▲ 1.0%

2023 · €1.63M

2022: €259k 2023: €1.63M

2022 → 2024

Net result

€94k▼ 14.5%

2023 · €111k

2022: €-21k 2023: €111k

2022 → 2024

Working capital

€-25k

2023 · €190k

2022: €79k 2023: €190k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€79k-€190k▲ 140%€284k▲ 49.8%

Operating result€-21k-€167k€151k▼ 9.6%

Net result€-21k-€111k€94k▼ 14.5%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 10% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.64M

18.8%

81.2%

Fixed assets €309k

Current assets €1.33M

Equity and liabilities €1.64M

17.3%

82.7%

Equity €284k ▲ 49.8%

Debt €1.36M ▼ 5.4%

Debt's share of the balance-sheet total falls from 88.3% to 82.7%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€187k

Cash flow

€130k

Current ratio

0.98▼

2023 · 1.13

Debt to equity

4.78▼

2023 · 7.57

ROE

33.2%▼

2023 · 58.3%

ROA

5.8%▼

2023 · 6.8%

Interest coverage

6.03

Debt ≤ 1 year

€1.36M▼

2023 · €1.44M

Income taxes

€31k▲

2023 · €30k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2024 against 2023 · 36 lines

Balance sheet Code20232024

Assets

Total assets20/58€1.63M€1.64M▲

Fixed assets21/28-€309k

Tangible fixed assets22/27-€309k

Plant, machinery and equipment23-€309k

Current assets29/58€1.63M€1.33M▼

Stocks and contracts in progress3€173k-

Contracts in progress37€173k-

Amounts receivable within one year40/41€609k€592k▼

Trade receivables40€589k€567k▼

Other amounts receivable41€20k€26k▲

Cash at bank and in hand54/58€844k€741k▼

Equity and liabilities

Total equity and liabilities10/49€1.63M€1.64M▲

Equity10/15€190k€284k▲

Contributions10/11€100k€100k=

Profit (loss) carried forward14€90k€184k▲

Amounts payable17/49€1.44M€1.36M▼

Amounts payable within one year42/48€1.44M€1.36M▼

Financial debts43€1.00M€1.00M=

Other loans439€1.00M€1.00M=

Trade debts44€348k€90k▼

Suppliers440/4€348k€90k▼

Advances received on contracts in progress46€88k€268k▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€36k

Other operating charges640/8€493€505▲

Gross operating margin9900€167k€187k▲

Operating profit (loss)9901€167k€151k▼

Financial income75/76B-€6k

Recurring financial income75-€6k

Financial charges65/66B€26k€31k▲

Recurring financial charges65€26k€31k▲

Profit (loss) for the period before taxes9903€140k€126k▼

Income taxes67/77€30k€31k▲

Profit (loss) for the period9904€111k€94k▼

Profit (loss) for the period to be appropriated9905€111k€94k▼

Appropriation of the result

Profit (loss) to be appropriated9906€90k€184k▲

Profit (loss) brought forward from the previous period14P€-21k€90k▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 3Gazette 1Filings 3

2026

14-08

State Gazette act Appointments: Ward De Wachter BV, QUATORZE JUILLET and 2 others

Permanent representatives: Ward De Wachter, Alain Bostoen and 3 others · Resignations: Tony Borgmans, Algimo NV and 2 others18 facts ▸

Board meeting, 15/07/2026
General meeting, 15/07/2026
Director appointment, Ward De Wachter BV (day-to-day manager)
Permanent representative, Ward De Wachter
Director resignation, Tony Borgmans (director)
Director resignation, Algimo NV (director)
Permanent representative, Alain Bostoen
Director resignation, Christeyns NV (director)
Permanent representative, Francky De Meulemeester
Director resignation, Ward De Wachter (director)
Director appointment, Ward De Wachter BV (director)
Permanent representative, Ward De Wachter
+6 further facts in this act

2025

26-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Equity above €200kEq €284k ▲49.8%

2 profitable years in a row build equity to €284k.

13-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Back to profitnet €111k

Net result €111k after one loss-making year.

31-12

Financial Equity above €150kEq €190k ▲140%

Equity rises from €79k to €190k.

22-05

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

under verification, no change since 2026

This board is reconstructed from a single act (26104712). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.

ALGIMO

Director · since 15-07-2026 · Public limited company

Current

CHRISTEYNS

Director · since 15-07-2026 · Public limited company

Current

QUATORZE JUILLET

Director · since 15-07-2026 · Private limited company · perm. rep.: Alain Bostoen

Current

Ward De Wachter

Day-to-day manager · since 15-07-2026 · Private limited company · perm. rep.: Ward De Wachter

Current

15-07-2026 ALGIMO: Reappointed as Director

15-07-2026 CHRISTEYNS: Reappointed as Director

15-07-2026 QUATORZE JUILLET: Appointed as Director

15-07-2026 Ward De Wachter: Appointed as Day-to-day manager

15-07-2026 Ward De Wachter: Appointed as Director

Full history in the Timeline (7 changes) →

Location & real-estate footprint

Registered office, Geel · 1 establishment unit since 2021

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Lammerdries 182440 Geel

Ground area

3,530 m²

Building footprint

1,399 m²

Volume, LiDAR

1,012 m³

Parcel 13373A0474/00Z000, Flanders · tallest building 16.2 m. Linked by address, not a title deed.

1 establishment unit

Hydro Global Solution

Lammerdries 18, 2440 GeelInstallation of industrial machinery and equipment

since 20212.320.019.571

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13373A0474/00Z000	Flanders	3,530 m²	1 · 1,399 m²	16.2 m

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Structure & network

Connections & network

6 connected companies

Shared directors

Linked via shared directors

BEAULIEU INTERNATIONAL GROUP

Shared corporate director

→

GOVI PRODUCTION COMPANY

Shared corporate director

→

INNOVATION FUND

Shared corporate director

→

Polysto Group

Shared corporate director

→

Show 2 more companies with a shared director

VERIDE

Shared corporate director

→

Veride Management

Shared corporate director

→

Similar companies · same sector, comparable size

Hoogstraten · Eq €290k

MELIOR TECHNIEK EN SERVICE

Sint-Joost-ten-Node · Eq €294k

Of 1,225 companies in sector 33200 we hold annual accounts for 676. 500 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded24-06-2021

Fiscal year end31-12

Activities, NACEBEL 2025

33200Installation of industrial machinery and equipment

37000Sewerage

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.

Contact details

1 entry

Phone:014373298

Enterprise